Jefferies Financial Group Reiterates Buy Rating for InterContinental Hotels Group (LON:IHG)

InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report issued on Friday,Digital Look reports.

Separately, UBS Group reissued a “neutral” rating and set a GBX 150 price target on shares of InterContinental Hotels Group in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Stock Performance

IHG traded down GBX 0.95 during trading on Friday, reaching GBX 171.70. 962,556 shares of the company were exchanged, compared to its average volume of 4,684,286. The stock has a market cap of £254.97 million, a P/E ratio of 0.35, a PEG ratio of 1.69 and a beta of 1.04. The firm has a 50 day moving average of GBX 154.62 and a 200 day moving average of GBX 1,507.87. The company has a current ratio of 0.97, a quick ratio of 1.34 and a debt-to-equity ratio of -181.87. InterContinental Hotels Group has a 52 week low of GBX 82.72 and a 52 week high of GBX 175.70.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.